$SFOR did what it should’ve done. Just closed above weekly resistance of $0.20 and filled gap $0.16 on the daily chart.
as I already mentioned in my last analysis on Jan 13.2020.
The next resistance will be around $0.70 to $ 0.80
A weekly close above $0.80 can help this stock to move toward the next resistance which is around $2 to $2.25
Golden Cross-Overall technically looks supper bullish as daily 50 MA is just about to cross 200 MA
What Does a Golden Cross Tell You?
There are three stages to a golden cross. The first stage requires that a downtrend eventually bottoms out as selling is depleted. In the second stage, the shorter moving average forms a crossover up through the larger moving average to trigger a breakout and confirmation of trend reversal. The last stage is the continuing uptrend for the follow through to higher prices. The moving averages act as support levels on pullbacks.
The most commonly used moving averages are the 50-period and the 200-period moving average. The period represents a specific time increment. Generally, larger time periods tend to form stronger lasting breakouts. For example, the daily 50-day moving average crossover up through the 200-day moving average
Let's enjoy the ride for as long as it goes.
Remember to always secure profits on the way up.
Do your DD, this is not investment advice
as I already mentioned in my last analysis on Jan 13.2020.
The next resistance will be around $0.70 to $ 0.80
A weekly close above $0.80 can help this stock to move toward the next resistance which is around $2 to $2.25
Golden Cross-Overall technically looks supper bullish as daily 50 MA is just about to cross 200 MA
What Does a Golden Cross Tell You?
There are three stages to a golden cross. The first stage requires that a downtrend eventually bottoms out as selling is depleted. In the second stage, the shorter moving average forms a crossover up through the larger moving average to trigger a breakout and confirmation of trend reversal. The last stage is the continuing uptrend for the follow through to higher prices. The moving averages act as support levels on pullbacks.
The most commonly used moving averages are the 50-period and the 200-period moving average. The period represents a specific time increment. Generally, larger time periods tend to form stronger lasting breakouts. For example, the daily 50-day moving average crossover up through the 200-day moving average
Let's enjoy the ride for as long as it goes.
Remember to always secure profits on the way up.
Do your DD, this is not investment advice